October 29, 2021

Record result

EBITDA up 160%1 vs Q3 2020

  • Higher prices on solid wood, pulp and kraftliner
  • Stable cost base
  • Negative currency effects
  • Maintenance stops

Net sales up 17% vs Q3 2020

  • Price/mix 44%, volume 3%
  • Exit publication paper -16%, divestment Wood Supply UK -11%, currency -3%

Investment in JV with St1 to produce and develop biofuels

Kraftliner and CTMP expansion projects on time and budget

1. Effect of one-off items related to discontinuation of publication paper excluded in Q3 2020

3

EBITDA (SEKm)

Industrial ROCE 1

EBITDA development (SEKm)

2,684

25%

+160%

2,684

2,260

53%

47%

EBITDA margin

Net debt/EBITDA

1,364

1,451

1,359

53%

1.0x

24%

24%

33%

1,055

1,030

1,001

1,032

32%

27%

21%

21%

Q3 '19

Q4 '19

Q1 '20

Q2 '20

Q3 '20

Q4 '20

Q1 '21

Q2 '21

Q3 '21

1. LTM

4

Note: EBITDA excluding effects from changed accounting method for valuation of forest assets in Q4 2019.

Effect of one-off items related to discontinuation of publication paper excluded in Q3 2020 and Q4 2020.

Net sales (SEKm)

EBITDA (SEKm)

EBITDA margin

0%

-3%

1,500

1,455

515

516

34.3%

35.5%

Q3 2020

Q3 2021

Q3 2020

Q3 2021

Q3 2020

Q3 2021

Price development - Pulpwood and Sawlogs

110

100

90

80

Q3 '19

Q4 '19

Q1 '20

Q2 '20

Q3 '20

Q4 '20

Q1 '21

Q2 '21

Q3 '21

Pulpwood Sawlogs

Stable wood supply to industries

EBITDA in line with Q3 2020

  • Higher revaluation of biological assets - Lower harvesting level of own forest

5

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SCA - Svenska Cellulosa AB published this content on 29 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2021 06:47:02 UTC.